Micro-Loans in The Gambia
I'm Pageant's webmaster, so I know about the tremendous work Pageant does in The Gambia. Pageant’s micro-loans enable poor people in Gambian communities to start their own small businesses.
Help Pageant start new micro-loan schemes
Micro-loans are for people too poor for normal banks to bother with. Schemes are started with external money, but are then run by local committees, and loans paid back fund the next group of loans. Micro-loans are a powerful instrument to lift third-world communities out of poverty.
Pageant’s micro-loan scheme started in 2005 with 1500 Dalasis (£23 at January 2015 exchange rate) lent to each of six women in the village of Sika in The Gambia's North Bank region. This scheme is still going strong, with many groups of women getting loans as the previous group repay theirs. The scheme produced enormous benefits to the local economy, a spin-off being the establishment of the Sika Village Market.
Since then loan schemes have been started in Bakalarr (2007), Gunjur (2009), Jambanjelly (2012), Siffoe and Kanikunda (2013) and Brikama (2014). Yet more schemes are being organised. Your donation will help to fund these new schemes.
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